Japan's IwaiCosmo Brokerage Retracts Claim Blaming AI for Unauthorized Trades

Japanese securities brokerage IwaiCosmo has retracted an earlier statement that blamed artificial intelligence (AI) for unauthorized trading, according to a news flash published on October 17.

The reversal comes amid public interest in the true cause of the incident. The firm had previously attributed responsibility to AI, but has since adjusted its position.

Authorities and the company have not yet released further details on the official cause or on how the case is being handled.